Hungary Stocks: OTP Bank, Mol, Magyar Telekom Move in Budapest
The benchmark BUX (BUX) index rose 1.7 percent to 17,551.95 at the close of trading in Budapest, the highest close since May 7.
The following are among the most active shares in the Hungarian market today. Stock symbols follow company names.
OTP Bank Nyrt. (OTP) , Hungary’s largest lender, gained 2.8 percent to 3,638 forint. The government reached a compromise on a disputed central bank bill, which blocked the country’s bailout talks for seven months, said Mihaly Varga, the nation’s chief negotiator for international aid.
Mol Nyrt. (MOL) , Hungary’s largest refiner, advanced 2.7 percent to 16,600 forint. Greek elections eased speculation that Europe’s debt crisis will escalate and threaten global economic growth.
Magyar Telekom Nyrt. (MTELEKOM HB), The Hungarian unit of Deutsche Telekom AG, rose 0.4 percent to 459 forint. The company will reorganize its management structure and corporate strategy, it said today.
To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
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